Management Sub definition
Examples of Management Sub in a sentence
To the Knowledge of Lessee, Management or Management Sub, as applicable, no insurer under any such policy has canceled or generally disclaimed liability under any such policy or indicated any intent to do so or to materially increase the premiums payable under or not renew any such policy except for any of the foregoing which, individually or in the aggregate, would not have a Material Adverse Effect.
The Liquor Licenses are adequate for the operation of the business conducted by Management, Management Sub, Lessee and each Lessee Subsidiary consistent with past practice.
The Agreement, and each of the Implementing Agreements to which either Management, Management Sub or Lessee is a party have been duly executed and delivered by Management, Management Sub or Lessee, as the case may be, and constitute a valid and legally binding obligation of Management, Management Sub or Lessee, as the case may be, enforceable against it in accordance with its terms.
Schedule 3.1(t) sets forth each agreement or arrangement between Lessee, any Lessee Subsidiary, Management and Management Sub, on the one hand, and Alter, Biederman, Sunstone, Sunstone OP, or any other Affiliate of Lessee, any Lessee Subsidiary, Management or Management Sub, or any officers, directors, or holders of more than a 10% equity interest in any of the foregoing, on the other hand in excess of $100,000.
Each of Management, Management Sub and Lessee has all requisite power and authority to enter into this Agreement and the Implementing Agreements to which it is a party and to perform its obligations hereunder and thereunder.
The Liquor Licenses are legal, valid and binding obligations of Lessee, each Lessee Subsidiary, Management and Management Sub, as applicable, and to the Knowledge of Lessee, Management or Management Sub, as applicable, each other party thereto, enforceable in accordance with their terms.
As of the date hereof, the insurance policies maintained with respect to each of Management, Management Sub, Lessee and each Lessee Subsidiary and their respective businesses, assets and properties (the "Insurance Policies") are listed in Schedule 3.1(u).
To the Knowledge of Management, Management Sub or Lessee, as applicable, no default except for defaults that would not have a Material Adverse Effect by any Person exists under the Liquor Licenses, and none of Management, Management Sub or Lessee has received any written notification of any material violation or alleged material violation of any applicable laws or regulations relating to the sale and service of alcoholic beverages which are outstanding and which have not been remedied.
As of the Closing, Management and Management Sub will have transferred or caused to be transferred to SHP all of the properties, assets and other rights of Management and Management Sub used in the conduct of their business as currently conducted.
Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, all Taxes that Lessee, each Lessee Subsidiary, Management or Management Sub are or were required to withhold or collect have been duly withheld or collected and, to the extent required, have been paid to the appropriate governmental authority.